Why no one is investing in Nevada (except for LV) ??
I live in North Cal and have been looking for MF investments in my area. After a few weeks of networking and reading on the forums, I found the cap rates and IRR in metro cities in North Cal are not so attractive so I decided to expand my search to Nevada. To my surprise, these are not a lot of discussions about NV market in general except for Las Vegas.
I’m wondering if the secondary or tertiary markets in NV are worth investing right now. What makes the NV markets unique and attractive to small investors? I appreciate if anyone can pitch in their ideas.
- Jack